KirklandPEN brief: RMB Funds: New Rule Permits Investment by Insurance Companies

In this KirklandPEN brief, partners David Patrick Eich and Justin Dolling, and associate Carol G. Liu, discuss the China Insurance Regulatory Commission's (CIRC) recent issuance of detailed implementation rules permitting Chinese insurance companies to invest in RMB funds. A Chinese insurer can now invest up to 5% of its total assets in private equity and related financial products (including RMB funds) and 10% in real estate.